Sound Income Strategies LLC Boosts Stock Position in BondBloxx CCC Rated USD High Yield Corporate Bond ETF $XCCC

Sound Income Strategies LLC boosted its stake in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF (NYSEARCA:XCCC) by 23.7% in the first quarter, Holdings Channel reports. The institutional investor owned 188,325 shares of the company’s stock after purchasing an additional 36,123 shares during the period. Sound Income Strategies LLC’s holdings in BondBloxx CCC Rated USD High Yield Corporate Bond ETF were worth $6,797,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Jane Street Group LLC bought a new stake in BondBloxx CCC Rated USD High Yield Corporate Bond ETF in the fourth quarter worth $7,544,000. Stadion Money Management LLC bought a new position in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF during the fourth quarter valued at $6,053,000. Potomac Fund Management Inc. ADV increased its holdings in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 13.7% during the fourth quarter. Potomac Fund Management Inc. ADV now owns 1,264,638 shares of the company’s stock valued at $48,088,000 after acquiring an additional 152,613 shares in the last quarter. State of New Jersey Common Pension Fund D purchased a new position in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF in the 4th quarter worth about $5,704,000. Finally, Brookstone Capital Management purchased a new position in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF in the 4th quarter worth about $5,119,000.

BondBloxx CCC Rated USD High Yield Corporate Bond ETF Price Performance

Shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF stock opened at $36.37 on Friday. The stock has a market cap of $317.51 million, a price-to-earnings ratio of 4.02 and a beta of 0.48. The firm’s 50-day moving average is $36.76 and its 200 day moving average is $37.16. BondBloxx CCC Rated USD High Yield Corporate Bond ETF has a 1 year low of $35.86 and a 1 year high of $39.35.

About BondBloxx CCC Rated USD High Yield Corporate Bond ETF

The BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index that specifically invests in USD-denominated corporate bonds with a credit rating of CCC (or its equivalent), based on an average of three main credit rating providers. XCCC was launched on May 24, 2022 and is managed by BondBloxx.